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Dec 6, 2012
12/12
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. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles. the fine print on why the company's two big buys are raising big red flags. >>> and nat gas revolution, the government says exporting nat gas could be a game changer for america's economy, but at what cost? we'll take a deeper dive to find some answers. but first, our top story tonight. >>> everyone cares about the fiscal cliff, except, seemingly, the markets. just 25 days until the year end deadline and still no deal out of washington. still stocks quietly climb higher. the dow closing today at a one-month high. what gives? just an assumption that a deal -- >> it almost gets back to that you never short. we're all waiting for some type of closu
. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> but why doesn't the market care? let's find out right now. >>> live from the nasdaq market site in new york city's time square, i'm melissa lee. here are tonight's top three trades. solving the apple mystery. want to know what's behind apple's troubles this week? we here at "fast" have gotten to the bottom of the selloff. we'll tell you what it means. plus, freeport fizzles....
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Sep 29, 2012
09/12
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CNN
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because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
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Sep 29, 2012
09/12
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because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find me on facebook and twitter. have a great weekend. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." abortion, gun policy, the war on drugs. they're just some of the social issues shaping the presidential race. all morning, we're putting them in focus. >>> i could see in his face that there was a lot me
because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find me on facebook and twitter. have a great weekend. >>> from cnn...
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Sep 22, 2012
09/12
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CNN
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the big choice remains beyond the fiscal cliff. >> fiscal cliff holding back hiring, keeping the unemployment rate higher than it should be. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how do you do that in ent tamts, talk about raising the age of social security and the age of medicare. >> yes, yes and yes. >> will and i agree on that. >> people live longer these days. >> can't do that in an election year. >> not at all. >> somebody always trying to get elected. >> people want their stuff. they want their stuff and they don't want to pay for it. >> let's look at some of the things with the safety net. 26% are using medicaid. 15% on food stamps, 8% are using something called the food aid for women, infants and children. 4% housing assistance and 2% receive aid to needy families. other safety nets, not
the big choice remains beyond the fiscal cliff. >> fiscal cliff holding back hiring, keeping the unemployment rate higher than it should be. >> a real difference between talking about the potential economic effect of the fiscal cliff in dealing with our debt and deficit problem, two different conversations. agree with something ben said, cannot balance the federal budget and cannot cut it based upon the discretionary budget at all. you have to address the fat where the fat is. how...
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Aug 8, 2012
08/12
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FOXNEWS
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and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only on the rich. but he's admitted that he is going to raise taxes on small businesses. he says it will impact 2% of small businesses. that sounds like not very many. but when you figure that's 900,000 small businesses to see a tax increase. he also wants to raise capital gains taxes and dividend tax significantly. this will affect investments. so businesses are looking at that. they are thinking, this is not going to be good for us. he has also promised to continue to advance the regulatory machinery that has been turbocharged under his administration. and the first three years, he has put in place, regu
and how do you distinguish it from the fiscal cliff. >> the fiscal cliff, if they don't do anything, taxes will go up and spending will be cut and businesses are hunkering down. but we looked at it and we said, is that their main concern? or are they more concerned about the prospect of a second ork bottomma term? if you look at what he has promised to do in the second term, there is good reason for businesses to worry. for example, he said, i am going to raise taxes. he says, it's only...
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Dec 3, 2012
12/12
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more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken to our national defense budgets. >> let's go straight to the front lines of the issue. task specializes in systems, engineering and integrate. president and ceo david langstaff is with us, among the defense contractors speaking out today in washington. he joins me now on the telephone. sir, good to have on you the program. thanks for joining us. >> thank you. glad to be with you. >> what's the potential fallout for task if we go over the fiscal cliff. how would you navigate this? >> first, it's just terrible policy to go over the
more now on the fiscal cliff. one of the industries with the most at stake in the budget debate is the defense industry. in a meeting today in washington, northrop grumman ceo wes bush with a dire warning. >> it would result in across the board cuts to both defense and nondefense accounts. and the interesting thing about this is the cuts are not tied to any military strategy whatsoever. it is completely disconnected from a perspective of strategy. in essence these would be meat axe taken...
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Dec 5, 2012
12/12
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the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of you
the number of days before the nation is going to slip over the fiscal cliff and that is what people are talking about. unfortunately, in washington they are not talking to each other about it. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal...
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Dec 28, 2012
12/12
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much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to negotiate over that. i'm not going to allow that kind of threat to the credit worthiness of the greatest economy in the world. >> yet, that's where all of the republicans want to have their next fight. >> that's where they want to have the fight. give it to them or not. i suspect he won't. >> quite a few days followed by quite a few months. thanks so much for joining us. we appreciate it. >>> why do some washington power brokers want to go over the fiscal cliff? the political brief sing next. first, the amr moment of 2012 that left us all speechless. i'm not kidding. this literally left me
much more than the fiscal cliff. >> exactly. the debt ceiling is a cliff. the fiscal cliff is somewhat misname because as we said -- >> slope. >> slope. curb. go over and get back. it is not so bad. but, you know, there's no sort of we defaulted yesterday and today we are sort of undefaulting. it doesn't work that way. once you defaulted on your debt, i mean, you have really sent the world a message you are deeply dysfunctional and the president has said i'm not going to...
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Dec 1, 2012
12/12
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be our presi
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problem we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Dec 27, 2012
12/12
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gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right now the mortgage interest deduction cost the government roughly $100 billion per year in revenue and getting rid of that would likely increase home values particularly in more expensive areas. gerri: rehear it would put the brakes on selling and home buying in those areas. what are the issues for you? you know all the issues and housing, what are you looking for next year? >> three things have been really important, the first is the inventories of homes for sale are down sharply. that is great news for home sellers because there is less competition. bad news for buyers. demand is also up, rising rent,
gerri: i want to talk about another issue with you that is a fiscal cliff going over the fiscal cliff, what will that do to housing? >> the worst case scenario in the fiscal cliff if the tax increases and spending cuts come into effect would be bad for the economy and would really hurt housing demand. even if the fiscal cliff is solved, less damaging ways to resolve the fiscal cliff, the housing market still might be affected if the mortgage interest deduction is cut back severely. right...
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Nov 17, 2012
11/12
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say we avoid the fiscal cliff, some americans will pay higher taxes. will crain a cnn contributor, licking his wounds since election day and jean, republicans are now on board by raising revenue by cutting tax breaks, but they are not on board with raising tax rates. >> no, they are not. >> some of them have pledged they will never, ever do that. how do we reconcile, that that's the challenge. >> you know, president obama came out this week and said compromise is hard, but we've got to do and do it together. he is still sticking the i want to raise tax rates line, but when i talk to budget experts in washington, they say, well, maybe -- maybe what you do is you reduce tax breaks on the rich at 200,000 or 500,000. >> sounds like a mitt romney plan actually. >> have a bucket of deductions. >> not an up upon lar idea, a smart way to get over political fight over all the tax breaks and maybe the democrats will go for a tax rate hike on people making 500,000 or more, 1 million or more. you know, i don't know how it's going to turn out. i wish, i wish i did.
say we avoid the fiscal cliff, some americans will pay higher taxes. will crain a cnn contributor, licking his wounds since election day and jean, republicans are now on board by raising revenue by cutting tax breaks, but they are not on board with raising tax rates. >> no, they are not. >> some of them have pledged they will never, ever do that. how do we reconcile, that that's the challenge. >> you know, president obama came out this week and said compromise is hard, but...
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Nov 29, 2012
11/12
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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Nov 26, 2012
11/12
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they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues,
they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side...
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Nov 28, 2012
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>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and could save you in out-of-pocket medical costs every year. call today to request a free decision guide. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referr
>> fiscal cliff. fiscal cliff. you think that's funny? fiscal cliff. debt ceiling. ybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. now's a good time to think about your options. are you looking for a plan that really meets your needs? and your budget? as...
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Dec 27, 2012
12/12
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so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being fiscally responsible when it's not. what's going to happen? a lot of taxes will go up but taxes will go up on everybody, not injure the guy around the tree that's paying for everything but everyone will have to pay. and then folks will realize the government we are voting for costs us money too. >> that's the thing. if we don't go over the cliff and they don't reach a compromise, what will happen? they can't afford to keep spending like this. won't spending have to go down by virtue after compromise not being reached? spending will go down a little bit becau
so what is the fiscal cliff? the fiscal cliff is the check. it's the tab after the buffet of all that spending. so the irony is everyone in the beltway thinks it's so terrible we are going over the fiscal cliff because it's so irresponsible. well, ironically it's the opposite. the whole point of the fiscal cliff is when the fiscal cliff is cleared and we jump over it, we are getting rid of all the accounting game mix, the temporary stings of things that allow congress to pretend it's being...
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Dec 13, 2012
12/12
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CNBC
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all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
all fiscal cliff related or what? fz fiscal cliff relate end again, bernanke, not
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Dec 27, 2012
12/12
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people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's
people seem to think the fiscal cliff is fix the debt. the problem with the fiscal cliff, the thing we're trying to avoid, the actual danger to the economy, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the...
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Nov 8, 2012
11/12
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avert the fiscal cliff as bullish for gold. we are looking at relative strength in the dollar and still gold prices rallying. it tells through is still a lot of interest in this safe haven bid here for gold. we've seen that in the exchange traded funds as well withholdings in exchange traded funds, gold related exchange traded funds rising to a record level. lot of interest and inflows into gold etfs in the last week or so, also chatter about what china is going do in terms of gold etfs. will they get into this market? that could certainly increase demand as well. back to you. >>> let's get some trading action going. bob pisani is down on the floor at the new york stock exchange. hi, bob. >> i just put out a note on my trader talk blog highlighting the problem today -- that's fiscal cliff anxiety. that's the newest worry on wall street, concerns about the imfact of potentially higher taxes on an already weak u.s. economy. that's it. i don't particularly like the trading action today. we've been drifting lower and it's been very
avert the fiscal cliff as bullish for gold. we are looking at relative strength in the dollar and still gold prices rallying. it tells through is still a lot of interest in this safe haven bid here for gold. we've seen that in the exchange traded funds as well withholdings in exchange traded funds, gold related exchange traded funds rising to a record level. lot of interest and inflows into gold etfs in the last week or so, also chatter about what china is going do in terms of gold etfs. will...
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Nov 30, 2012
11/12
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FBC
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fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as concern over threats to supply due to mideast violence offset ongoing demand worries and personal spending, are you part of this, it sold for the first time in five months dropping 0.2%. the commerce department is a debating that to hurricanes and the lowering wages and salaries by an annual rate of $18.2 billion. dave: we may get a dividend bust in the month of december and discuss all of these issues we have kevin in the pits of the cme and joe durant and united financial telling us what brand names are the best p
fiscal cliff. and dr. francis collins with the national institutes of health. fiscal cliff. folks including today to liz hy malcolmed the month of november and the red and nasdaq and s&p close slightly higher, consumer discretionary and industrials were this month's top performing sectors, utilities and energy lagged behind. oil posting its second straight day of gains closing the trading day up 1%, $80.91 for a barrel of oil and today's gains in crude up 3% for the month of november as...
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Jul 10, 2012
07/12
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don't wait until the last minute as we approach this fiscal cliff. you're going to be hearing that phrase a lot, a fiscal cliff between now and january 1st because in addition to the tax increase scheduled for january 1st, there is also a large cut. 500 billion in defense spending scheduled to go into law on january 1st. the combination of big government spending cuts and a big tax increase is the fiscal cliff that many economists fear would be such a negative jolt to the economy that would slow down our economic recovery. so neither party, democrat or republican, wants to go off the fiscal cliff on january 1st. to avoid the fiscal cliff, not only do they have to write a new tax bill and a new defense spending bill and pass them both before january 1st. they have only 176 legislative shopping days to do it. so if you want congress to do something before january 1 and you start talking about it right now, you would not be jumping the gun. you would not be doing your christmas shopping in july. if you need congress to do something by new year's eve, do
don't wait until the last minute as we approach this fiscal cliff. you're going to be hearing that phrase a lot, a fiscal cliff between now and january 1st because in addition to the tax increase scheduled for january 1st, there is also a large cut. 500 billion in defense spending scheduled to go into law on january 1st. the combination of big government spending cuts and a big tax increase is the fiscal cliff that many economists fear would be such a negative jolt to the economy that would...
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Nov 10, 2012
11/12
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FBC
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you have the fiscal cliff. what democrats want to do really -- what they want to do is use this moment with maximal pressure to force through a deal on taxes that allows the 250,000 and above grateful backup to the clinton rate and then push through a long-term extension for everything under that. now, you also have the sequestration ts for programs and kick it forward six months and try to make it part of his bigger broader plan. gerri: republicans want to do is fix some of these loopholes that make the tax code so popular as far as does lycos. >> you get more revenue because you are simplifying the code. the economy gets a boost, but maybe you cannot deductions for upper income folks. maybe they do end up paying a little bit more. the president still makes me sound out like he is talking about race -- rates. gerri: if he wants to raise taxes, so be it, it will put us into a recessi. and they're willing to go along with the administration pay the price for do you think that's the right interpretation of what i
you have the fiscal cliff. what democrats want to do really -- what they want to do is use this moment with maximal pressure to force through a deal on taxes that allows the 250,000 and above grateful backup to the clinton rate and then push through a long-term extension for everything under that. now, you also have the sequestration ts for programs and kick it forward six months and try to make it part of his bigger broader plan. gerri: republicans want to do is fix some of these loopholes...
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Nov 29, 2012
11/12
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CNBC
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ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market debt. these monetary authorities are done tightening. they fought the inflationary problem that they had successfully. they're in hoed. yield curves could shift down. we stress doing it in local currency. the other areas are u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting reces
ben, what is your fiscal cliff strategy? what do you want to do with your money in the economy does go off the fiscal cliff? >> yeah, we were worried about that back in september, october. so even though we like the equity markets going into 2013, we wanted to hedge ourselves a little bit, so we took money out of equities. didn't just put it into cash. we put it into three areas we think are still good long term. one is we talk about emerging market equities, but i like emerging market...
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Dec 13, 2012
12/12
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. >> fiscal clip? >> cliff. >> oh. >> what is the fiscal cliff? >> i have no idea. >> all right, one month later, nearly everyone knows what it is. nearly. >> are you concerned about this so-called fiscal cliff? >> ah, no, i'm not actually. i think that they will fix it and i'm a positive person. >> i am not concerned about the fiscal cliff. >> how come? >> because right now i'm concerned about getting the right gift for my mom? >> i still have people and friends, very close friends, out of work, underemployed, so, i, yeah, of course i'm concerned about it, yeah. >> do you know what the fiscal cliff is, ashley? >> i do, but i don't know enough about it tos be concerned or have an opinion on it so i'd rather just worry about my christmas gifts. >> all right, she gave me an honest answer. bull regardless of knowledge, people are increasing their spending, everyone from piper afterree to the consumer federation said people are spending more this holiday and we are hearing from shoppers here that cliff or no cliff, they are most all telling me they th
. >> fiscal clip? >> cliff. >> oh. >> what is the fiscal cliff? >> i have no idea. >> all right, one month later, nearly everyone knows what it is. nearly. >> are you concerned about this so-called fiscal cliff? >> ah, no, i'm not actually. i think that they will fix it and i'm a positive person. >> i am not concerned about the fiscal cliff. >> how come? >> because right now i'm concerned about getting the right gift for my mom?...
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Nov 11, 2012
11/12
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CNNW
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i mean, we talk about this fiscal cliff. most of my clients are -- i mean, i'm confident president obama and congress will resolve this before the deadline, but most of my families are on the fiscal cliff every month. they've got too much month at the end of their money, and that's most american families. >> right. >> what we have got to do is to not cut, cut, cut, but grow, grow, grow. there is too much opportunity sitting on the sidelines in america. these are from poor neighborhoods we see. they're emerging markets. if we can move them from where they are increasing their credit score, make them job createors because most jobs come from start-u7s, you grow gdp and tax bases. the mayors have more money in their coughers to then spend hopefully responsibly. we've got to look at growing economy, figure out what we're for, versus cutting an economy, because we don't -- because we've lost our storyline. >> it's true. we talk so much about the fiscal cliff and focussing on washington, but it's very true. so many families have t
i mean, we talk about this fiscal cliff. most of my clients are -- i mean, i'm confident president obama and congress will resolve this before the deadline, but most of my families are on the fiscal cliff every month. they've got too much month at the end of their money, and that's most american families. >> right. >> what we have got to do is to not cut, cut, cut, but grow, grow, grow. there is too much opportunity sitting on the sidelines in america. these are from poor...
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Dec 1, 2012
12/12
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the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >> exextremist elements came to the consulate as this was unfolding. >> it didn't work. now their talking points. >> we are significantly troubled. >> i want to say that i'm more troubled today. >> democrats shot back. >> they are not only blaming her for this intelligence report, they are trying to blame her for the actual tragic event. >> i've seen so much crazy stuff in this house could i write a book. >> or make an internet video. >> not be a true god-fearing person and be on a television show like that. >> that's actor angus t. jones, the "two and a half men" star caught slamming his own tv show. >> if you watch "two and a half men," please don't watch "two a
the week center on a big worry. >> this fiscal cliff. >> fiscal cliff. >> fiscal cliff. >> we could actually go off the fiscal cliff. >> we're facing a fiscal grand canyon. >> okay. so it's a big deal. question is can these guys strike a deal? >> i've got to repeat. i've got a pen. >> meantime, damage control for u.n. ambassador susan rice out to smooth things over with this week with republicans after those benghazi talking point. >>...
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Nov 14, 2012
11/12
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FBC
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facing a fiscal cliff. a very big issue. one of the things that might come about of washington is maybe what we do is take away the mortgage deduction. is that a threat to the market? >> suddenly the iscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it by the way, if weon't sole the fiscal problems goin forward, we have an interest ras by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56 can't win either way. other people talk about the possibility of another recession . i guess you could call it a double dip. it does not feel like we ever t out of thelast. do you see receson as a bi threat to the housing market? >> not if that this booklet is handled proprly. if we have a huge set of government spending cuts and tax increases, certainly a recession would be a problem for the housing market. on the other hand to mouth we have to be careful not to trade one set of tax hikes for another. you mentioned mortgage interest reduction. a
facing a fiscal cliff. a very big issue. one of the things that might come about of washington is maybe what we do is take away the mortgage deduction. is that a threat to the market? >> suddenly the iscal cliff is the number one threat to the market. forget to recession, we are back into housing market crisis, no doubt about it by the way, if weon't sole the fiscal problems goin forward, we have an interest ras by kenaf future. so out. gerri: we cannot win for trying. >> exactly 56...
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Dec 12, 2012
12/12
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trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell short. speak of the president's plan to avert the fiscal cliff still does not meet the two standards as laid out the day after the election. the plan does not fulfill his promise to bring a balanced approach to solving this problem. >> it is not a realistic position to say that we can resolve this by extending tax cuts for the wealthiest americans and vaguely promising that we will lean additional revenue by closing loopholes and counting deductions in a way everyone knows is unrealistic. >> republicans continue to refuse to raise tax rates on wealthier families, the official cl
trading words in any progress or lack thereof on the looming fiscal cliff. david: live with the very latest proposals, if there are any real ones. >> all of this with a sense of optimism from both sides. no movement to secure a deal. wanting immediate tax rate hikes on the wealthy on the spending cuts. latest offer, $1.4 trillion in new tax revenue down from a previous offer of 1.6 trillion. and willingness to begin corporate tax reform. house speaker john boehner says that deal fell...
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Dec 26, 2012
12/12
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CNBC
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eye 70
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cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get their act together and we'll get something to go forward. we think the markets will respond positively. >> you do admit that things could get a whole lot worse from a market standpoint before they get better, right? >> if nothing is done, and we just do not feel at this point that knock will be done. we think that investors who are concerned that nothing will be done and the washingtonians will stick to that through the first quarter flat second quarter should be buying puts at this point. from the perspective that we see now, from the words that came out of both the president as well as the speaker of
cliff and hold it through the fiscal cliff or over the fiscal cliff, it damages everybody, all spectrums of income, tax brackets. it would hurt the economy. we just don't think that politicians are that dedicated or that adamant on the positions that they hold at least today. so we think we're going to -- in terms of towards the end of the year here, it doesn't look like they're going to repair this thing before new year's day but we do think that what will happen is in january they'll get...
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Dec 28, 2012
12/12
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dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. [ male announcer ] th
dairy farmers and wynn farms facing their own fiscal cliffs in addition to the actual fiscal cliff. whatever cliff are you worried about? tweet us at "squawk on the street." we'll have your responses next. . time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your...
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Nov 12, 2012
11/12
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CNBC
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countdown of the fiscal cliff. you've got 49 days, nine hours, 45 minutes and 38 second left until the end of the year. you may think that's a lot of time to find a solution to this big problem, but that, my friend, is misleading. there are actually only 14 more weekdays in november, and with holidays, kwng is in recess for six of them. there are only 20 weekdays in december. but you've also got to break out the holiday break which begins on december 14th. there are no votes in congress on december 7th or december 10th. so really, that's just eight days in december and eight days in november for a total of -- you figured it out -- 16 working days left to fix the fiscal cliff. of course just because congress isn't in session doesn't mean talks don't continue or they can't come back or be forced back into washington, d.c. they've also been known to postpone their recess in necessary but that, my friend, does not leave a lot of time. big debate in the fiscal cliff is this. should we be raising taxes on the wealthy as
countdown of the fiscal cliff. you've got 49 days, nine hours, 45 minutes and 38 second left until the end of the year. you may think that's a lot of time to find a solution to this big problem, but that, my friend, is misleading. there are actually only 14 more weekdays in november, and with holidays, kwng is in recess for six of them. there are only 20 weekdays in december. but you've also got to break out the holiday break which begins on december 14th. there are no votes in congress on...
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Nov 19, 2012
11/12
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FBC
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it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do something about it. gerri: it is all concerned that the exports are down. we have china and trouble. europe is in trouble. the u.s. economy is sustaining the planet. >> two of the three major players, at least, the u.s. and europe are majorly concerned with expenditure and death. china doesn't have the same thing. but they are doing all kinds of crazy things in china as well. it is hard to see where any growth is going to come from and anybody will lead the world into a better economic situation. nobody is making the right decisi
it's related to the fiscal cliff. it's hard to see how the two sides are going to agree to anything sensible because they just have such fundamentally different history government should be doing. the democrats want the government to redistribute income and they want to take from people who have very high incomes and give to other people. the republicans -- they are at least trying to draw attention to the huge base of entitlement spending. pointing out that that is not sustainable have to do...
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Dec 27, 2012
12/12
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>> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and import, eric. about $100 billion or more comes in and out where you have to have these strikes. co it is very devastating and could reverberate throughout thees country. food distributors, everybody would be affected by this strike if it goesrd forward. eric: what do the unions want and what is management willing to do, how far apart are these two groups? >> normally in a dispute with the unions it is about wages and benefits in this case it is not. what the unions are objecting to with reports i have been seeingu is new work rules a
>> forget the fiscal cliff. eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and...
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Dec 10, 2012
12/12
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CNBC
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fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest said, wholesale inventory number. you have to watch that, if you start to see a long-term trend where the companies are building inventories, that's something more ominous to the economy. the small business index coming out tomorrow. that, of course, should show a gradual increase in its pace. and the federal reserve is starting their meetings tomorrow, so, for wednesday, we're expecting an additional $40 billion every month of additional treasury purchases to take place on the operation twist. >> jennifer, 30 seconds. what do you see tomorrow? >> yeah, we
fiscal cliff, obviously dominant on the scene. no major events, as i see them scheduled those there will be some of the joint committee in congress on thursday, talks about some of the outcomes, should we go over fiscal cliff. and then looking beyond that, really, it's really about the euro zone and keep an eye out. we have meetings going on wednesday, thursday, friday. >> got it. chad, what about you? >> bill and mandy, three things to watch for tomorrow. as your previous guest...
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Dec 31, 2012
12/12
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CNBC
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>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the economy. but i think it is probably reason to consider. talking about what brian was talking about at the top of the show here. 1%, maybe 1.5% drag on growth of anything decided from the fiscal cliff anyway. >> and it depends on what you buy. i hear what you're saying with, steve and it is important to dive in. when you get a dollar you probably spend more than the dollar, right? they have shown that. that is the greatest multiplier. let's be clear on what that is on. necessities, food, clothing, which is needed. and on taxes, and there is not a lot of sympathy, but if you are a boat maker, high-end hom
>> right now, if we did the full fiscal cliff, the full fiscal cliff monty, perhaps is the best way it put it, we get rid of more growth in the economy than in all of 2011. it would be a negative number, essentially, mandy. like 4.2% of gdp. we grew up 4% of 2011. a negative number. take away from that all things being equal. depending on what the private sector did. a negative for the economy. every dollar they don't do on the fiscal cliff, that's a dollar that does not come out of the...
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Dec 14, 2012
12/12
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MSNBCW
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what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his prejudile becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have experienced none and thinks he can make jokes about blowing up small countries. he never considered joining the military himself. so people being killed in war and bodies being blown up that is a joke for him. he doesn't say those things because he is losing or desperate. because he is so often mean and inhumane. that is what allows him to be an, anti-tax fanatic. he cares about no one that he does not know or is not related to. he does not believe in community or a shared responsibility. he thinks that is communism. he does not care about one person on staten is
what does he think of the fiscal cliff crisis? >> this fight, on the fiscal cliff is a sqirmish. >> when you are losing a big fight the fight of your life, pretend it is not important at all. that is now his performance choice as he sees his prejudile becoming meaningless. as you can tell, from what you saw, he thinks he is a clever boy. very clever he is the kind of clever republican boy with no sympathies for any hardship he himself has not experiences and seems to have...
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Dec 12, 2012
12/12
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larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti tiltment. i'm suggesting. it is a game of chicken. neither party can afford this kind of recession. after what we've been through we can't take it. if that meanstending the tax cuts so be it. let me accept your premise. but i have to pile on more. something that is worse is a debt crisis. if you have a white house that is committed from going from $16 trillion in debt which is where the obama administration would lead us. what do you do with that knowledge? what if you come to the view that the president has created in the state of illinois which is a basket case t
larry, we are going to avoid the fiscal cliff resection. the white house is acting with impunity right now. and the white house is so far said look, we want to continue talking about one quarter of the president's own architecture. the president said there was a three to one ratio between savings and cuts and revenue. but they have been silent on this. >> little bit of breaking news. >> wow, the studio is shaking. mr. bhoener is at $800 million. no new information on then ti e ti...
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then we have to focus on the fiscal cliff. the fiscal cliff is 4%, nominal gdp. and the nominal gdp is about 4%. if you tax the whole thing you go from economy limping along to zero. and that is not good. so they won't pass the whole thing but, i think obama will pass the expiration of the bush tax cuts on those that make more than 250. i think that is going to happen. certain other parts will happen. probably 1 1/2% of the four will happen. that will reduce nominal gdp from four to 2 1/2. our down to a half real. liz: what does that do, byron, to the fourth quarter outlook? >> fourth quarter outlook is going to be more affected by sandy than it is by the election. liz: interesting. >> i think it will be hurt by sandy but it will be, the first quarter will be helped by sandy as people are rebuilding. david:. liz: we're seeing for example, cablevision got hit on its stock because cablevision says with houses lost they lost customers. it will affect some companies. >> absolutely. but i think christmas will be good. i'm, looking, forward to that. retailers have hire
then we have to focus on the fiscal cliff. the fiscal cliff is 4%, nominal gdp. and the nominal gdp is about 4%. if you tax the whole thing you go from economy limping along to zero. and that is not good. so they won't pass the whole thing but, i think obama will pass the expiration of the bush tax cuts on those that make more than 250. i think that is going to happen. certain other parts will happen. probably 1 1/2% of the four will happen. that will reduce nominal gdp from four to 2 1/2. our...
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Dec 29, 2012
12/12
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FOXNEWSW
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economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here
economy from going off the fiscal cliff. after a late afternoon meeting with the top four congressional leaders at the white house, president obama offered this assessment. >>> i'm modestly optimistic -- nobody is going to get 100% of what they want. but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate...
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Dec 4, 2012
12/12
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we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that
we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our...
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Aug 15, 2012
08/12
by
FOXNEWS
tv
eye 114
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the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts our customers. to give you context, our motto is we deliver power. we make wire and cable products that move power and inside every kind of building you can imagine, homes, many of your viewers probably have our wire mind their walls and commercial installations and retail space and apartment building and it is like. and factories, et cetera. so we have quite a window into the conduction markets around the united states. i can tell that you our customers are very, very concerned about this fiscal cliff and believe it can cause them great damage on their businesses. >> greta: is it the uncertainty of what is goi
the uncertainty of a tax cut extension and the threat of a fiscal cliff is puing fiscal fear in many businesses. we have the president of a software community. nice to see you, sir. >> nice to be here, thank you for having me. >> greta: i understand, southwire is a family-owned, private company with 5,000 employees. what impact does it have on your company that you don't know what will happen come the end of the year with the taxes? >> it impacts our economy because it impacts...
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Dec 7, 2012
12/12
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MSNBCW
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what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor force, encouraged that they have a chance at getting a job. nonetheless, 146,000 jobs created. that's good for the president. gives him a chance to go out there and have some momentum going into the fiscal cliff talks. i was just at the speaker's press conference down the hall at the top of last hour and he said look, there's no progress being made and his call with the president was just more of the same and the staff talks behind the scenes yesterday were more of the same. he didn't give us a whole lot of optimism going into this weekend here, alex. >> here's my question. i have many q
what do these numbers mean and what do they portend for the fiscal cliff negotiations? >> it strengthens the president's hand. it was a good number, not great, because of some of the revisions we saw to previous months but the president can tout a record of job creation, so that's encouraging. the unemployment rate went down to 7.7% for some of the wrong reasons. a lot of people left the labor force. that's not something you want to see. you want to see more people coming into the labor...